Public living labs can deliver public value, only if their long-term viability is ensured. The long-term viability of such living labs is extremely dependant on a continuous flow of (public) funding: any interruption in receiving public funding stops living labs from creating value.
The challenge is making living labs financially self-supportive, but proposed business models for living labs lack a holistic and multi-perspective umbrella view over all business functions and stakeholder interrelations of a living lab. We believe such holistic perspective is needed to develop a viable business model.
For this reason, we developed a holistic view of the public living lab innovation ecosystem as an “activity system” which includes all business functions. The final model visualises the required activities-sets, who performs each activity-set (actors) and how the actors/activities are interrelated and structured.